Thai nominees to be scrutinised

Quick Summary:

The Commerce Ministry is moving forward with in-depth inspections of businesses suspected of using Thai nominees to conceal foreign ownership, particularly in tourism, real estate and logistics.

She said new business registrations for the first seven months of 2024 rose by 0.16% to 54,220, with combined registered capital of 169 billion baht, down 62.1% year-on-year.

The department expects new business registrations this year to tally 90,000 to 98,000, marking a 5-15% increase.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Bangkok Thai Foreign Department Auramon Ownership Ministry Commerce Cases Business Investigation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 19:07:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 470 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22296764

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 1 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 4 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #66

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